Are you ready for the crypto tax storm?
Accounting Today
JULY 19, 2022
Tue.Jul 19, 2022
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When do I have to start collecting out of state sales tax? Part 1
TaxConnex
JULY 19, 2022
Online retailers face a lot of challenges today. Sales tax obligations are among them. It’s been four years since these obligations began landing on businesses’ plates nationwide, and the situation isn’t getting any easier. Only now are federal lawmakers beginning to wonder if the current sales tax landscape overburdens online businesses. In the meantime, your business may have to start collecting and remitting states’ sales tax – with severe penalties if you don’t.
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Survey Tackles Root of Industry Burnout
Intuitive Accountant
JULY 19, 2022
Utilizing the Maslach Burnout Inventory for the first time in an accounting setting, FloQast's survey reveals the alarming extent of burnout on professionals and its impact on critical accounting processes.
Financial Analysis for Your Small Business
VetCPA
JULY 19, 2022
Comparing a business’s key financial ratios with industry standards and with its own past results can highlight trends and identify strengths and weaknesses in the business. Financial statement information is most useful if owners and managers can use it to improve their company’s profitability, cash flow, and value. Getting the most mileage from financial statement data requires some analysis.
Your Accounting Expertise Will Only Get You So Far: The New Way To Lead
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
EYers Are Waking Up to Overdrafts This Morning Due to a Serious Payroll Snafu
Going Concern
JULY 19, 2022
We’re learning this morning that folks at EY will not be getting lunchtime DoorDash today, their paychecks from last Friday have been unceremoniously yeeted from their bank accounts. Per a tipster: There’s a payroll snafu of some sort at EY and seems just about everyone had their payroll reversed. Mass panic and overdrafts. And a Fishbowl thread: According to our tipster and comments on Fishbowl the firm has yet to send out any communications regarding the issue and it’s too ea
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Is a Four-Day Workweek Good for my Business?
GrowthForceBlog
JULY 19, 2022
10 min read. The mainstream buzz around the concept of a four-day workweek first gained steam in 2019 when Microsoft Japan reported experiencing a 40% increase in productivity, 23% reduction in electricity costs, and an effective halving of the average 60-minute meeting cut down to 30 minutes – all after cutting their employees' workweek down to four eight-hour days and continuing to pay them as if they were working five eight-hour days. [1].
Taking a Deep Dive into Your Firm
Intuitive Accountant
JULY 19, 2022
See how Pareto for Profit™ can help your firm pursue a better way of doing things. With its annual review of your client base, the Renew Group shows you how to see where the noise—and opportunity—is.
The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
NetSuite Streamlines Inventory Management with Smart Count
Intuitive Accountant
JULY 19, 2022
The new inventory count solution will help organizations boost the accuracy and efficiency of their inventory management.
What Is Bookkeeping? The Truth Is in the Numbers
Patriot Software
JULY 19, 2022
Whenever you make a sale or purchase, the amount of money your business has will change. Keeping track of your business’s financial transactions is key to your business’s future. Luckily, those sales and purchases create documents such as invoices and receipts. Bookkeeping tracks your finances through the documentation that your business creates on a day-to-day […] READ MORE.
Doing More With Less: The Modern Finance Miracle
Speaker: Mark Gilham, FCCA, CPP
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
What’s in an Office Makeover?
Intuitive Accountant
JULY 19, 2022
Xero’s Head of US Marketing Amy Murphy explains why the company continues to enhance the lives of small business owners through its office makeover mission.
Five breakout sessions you need to check out at Xerocon London 2022
Xero
JULY 19, 2022
There is so much to see and do at Xerocon London 2022 , from entertaining activities to inspiring keynotes, that it can be hard to know where to start. We recommend taking in as much as possible during the event – as well as leaving time for those all-important catch-ups with colleagues and peers – and urge you to check out some of the brilliant breakout sessions taking place across the two days.
8 Pillars of Leadership Development
Advertiser: Paycor
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Alabama Amends Alabama Accountability Act – Increased Alabama Income Tax Credit Available
Dent Moses
JULY 19, 2022
Overview. Governor Ivey recently signed Senate Bill 261 into law, which increases the tax credit for contributions made to Scholarship Granting Organizations (“SGO”). Effective in 2022, an Alabama taxpayer may claim up to 100% of the individual’s Alabama tax liability for contributions made to an SGO, not to exceed $100,000 per year. Prior to the 2022 amendment, the credit was limited to 50% of the taxpayer’s Alabama tax liability with a cap of $50,000.
Pay Frequency Subject of New National Research Study
ThomsonReuters
JULY 19, 2022
A new national research study that analyzed the impact of same-day pay showed that, among other things, over 60% of working Americans think that all employers should offer their employees immediate access to their daily earned wages. Pay frequency. Most employers pay their employees’ wages for services performed within one of the following frequencies: weekly, bi-weekly, semi-monthly, and monthly.
Protect What Matters: Rethinking Finance Ops In A Digital World
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
How to Optimize Your Accounting Software
IgniteSpot
JULY 19, 2022
What is accounting software? First and foremost, what is accounting software? If you aren’t using it already, it’s time to get a crash course. Accounting software is computer software designed to help businesses and their accountants record and keep track of their financials.
How to leverage Free Trade Agreements (FTAs) in your supply chain
ThomsonReuters
JULY 19, 2022
Global supply chains have been severely affected by lockdowns , particularly during the peak of the coronavirus pandemic. Temporary trade restrictions, goods shortages, and port closures exposed a vulnerable trade environment where unexpected customs duties impacted supply chains hard. It is now ever-more critical to leverage free trade agreements (FTAs) for global supply chains in a post-pandemic world.
Foreign Nationals in the US Are Now Subject to US Income Taxes
KROST
JULY 19, 2022
Foreign nationals in the US: Do you have a federal income tax filing obligation? Now that you moved to the US, whether on a temporary basis or permanent, you may need to consider whether you have a US income tax return filing requirement and pay taxes in the US. If you are a foreign national Read the full article. The post Foreign Nationals in the US Are Now Subject to US Income Taxes appeared first on KROST.
How to Set Better OKRs and Drive Results
Advertiser: Paycor
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
QuickBooks Recent Updates and News
SchoolofBookkeeping
JULY 19, 2022
QuickBooks makes many updates and changes throughout the year. We strive to help our members stay informed and optimize their use of QuickBooks to improve their practice. Below are a few updates we wanted to share with you. From Intuit QuickBooks in July: QuickBooks Connect is Back, QuickBooks Payments Updates and More. Intuit QuickBooks is committed to providing powerful tools and resources to help small businesses and accountants thrive without added stress.
This Firm Will Let You Leave Early on Friday (If You Have No Work)
Going Concern
JULY 19, 2022
IDK are we being overly cynical here or is this dumb ? This feels a little like the “unlimited” vacation trap. If you think relaxed summer schedules were last year’s trend as big companies took gentle measures to steer employees back to the workplace, think again. Schneider Downs & Co. is embracing a policy that closes its office on Fridays at noon through Labor Day.
6 Ways Accounting Firms Can Successfully Retain Clients | Canopy
Canopy Accounting
JULY 19, 2022
For any business looking to grow, finding new customers and retaining existing ones is the lifeblood of their business, and accounting firms are no different.
Automation, Evolved: Your New Playbook for Smarter Knowledge Work
Speaker: Frank Taliano
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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